I believe that we will see some more consolidation on USDTRY until the election at the end of March. If FA confluences with the price action I think we might see a triple bottom reversal in the higher time frame.
Short Term Swing:
Short entry: 5.30-5.35
Long after triple bottom confirmation
Target 1: 6.30
Hi guys, I've been away from trading for several weeks and went off to study some new material. I changed my style to pure price action but I still use RSI and MACD for divergences. I noticed that I see the markets more clearly without indicators or any kind of MA's. Clear charts create clear minds huh? It's good to be back here.
Okay, let's see USDCHF had a nice...
We will see a bull flag continuation or range expansion to the downside 17-18 area. I think bull flag possibility is kinda forceful pattern so I'll go with the second option.
Entered short at 19.6 and set more orders at 20.30 - 20.60
Bearish Daily Candles near known resistance area.
I don't expect a breakout with this...
We are at a critical point at the moment. There is an IHS in 2h Chart if the price closes above 1.1400 on Daily I'll consider this as a confirmation of the pattern.
- Rejection from the support
- Possible IHS
- Inverse Hammer and Pinbar Candlestick on Daily
Hey, I hope you guys are doing well. I couldn't trade in the past several weeks because of my final exams but after that, I will get back to full-time trading and will post a lot of charts for you guys!
Now let's see we have a Head and Shoulder pattern formed here. My plan is to wait for a breakdown of the neckline at 0.9559 which is also the weekly...
We have a symmetrical triangle here. This one will be tricky but my expectations are bearish in mid-term. I believe we will see another touch to the trendline at 1.116 but a Lower High at 1.1580 before that won't surprise me.
Entry after 4h candle close confirmation.
Targets are given at the chart.